Having completed our IVA we now need to start the credit file clear up. All my defaults are within a month of the IVA being approved (aug 2009).
However, 2 of the 11 accounts are marked as defaulted, but closed and haven't been updated for 3 years. The rest of the accounts are active and updating as defaulting every month, do the accounts need to be marked as settled or closed? Or do they automatically drop off after 6 years regardless of their status?
Cheers, Steve.
There's more to life than money....but it does help!!
64 payments made. Full and final with payments made to date accepted on 26/05/15 completion certificate received 17/06/15
All I know is that defaults will fall off after six years whether paid or not. This applies to all information held so if the defaults were registered after the IVA began you could possibly ask for them to be removed. Perhaps someone else knows more about credit files.
It doesn't matter whether they have been updated monthly or not at all, or even what their current status is. As long as the default dates are roughly right, they will disappear completely 6 years after this date
completion certificate received 17/06/15 
